I came across an awesome article today by the Arizona Mortgage team. Which answered a question I get – ALL THE TIME.
1) How will a short sale affect my credit
2) How will a foreclosure affect my credit
The above two questions get emailed to me on a daily basis. The answers are here. With GREAT examples and comparisons vs. late payment on the Credit card all the way to a full blown foreclosure on the house.
Great information – happy to share it!